Sutlej Textiles and Industries Ltd. (STIL), a K K Birla group company and one of the largest yarn dyed manufacturers in India, has announced closure of the fabric division at Damanganga Fabrics in Gujarat due to uneconomic working. Instead, STIL will expand manufacturing capacity of home textiles from the existing 2.5 million metres to 9.6 million metres. The expansion will entail a capital investment of Rs. 88.5 crore. The project will be implemented in financial year 2015-16. “Capacity additions in home textile division will ensure further strengthening of its end-to-end viz yarns to home textile access,” said Dilip Ghorawat, Whole time Director and Chief Financial Officer of STIL.
